BNET Industries

Market Cap:$265.9M
Last Fiscal Year Sales:$120.8M
  • Public
  • CA
Dow Jones Description

Wireless Data Communication Equipment

President and CEO
Paul Cataford
Number of Employees 542
Contact Information

13811 Wireless Way

Richmond, Quebec

sierrawireless....

(604) 231-1100

NAICS Code Cellular and Other Wireless Telecommunications: 517212

Recent Events

  • Correction: Commodities Propel TSX Sharply Higher - Canadian Commentary

    10/30/09 - Bond / Stock Rating - View Story

  • Sierra Wireless reports net loss in Q3

    10/29/09 - Financial Announcement - View Story

  • Orbcomm Partners with Sierra Wireless (10/5/09)

    10/10/09 - Joint Venture / Alliance - View Story

  • Sierra selected by MobiPower for asset protection solution

    10/08/09 - Joint Venture / Alliance - View Story

  • Sierra Wireless introduces MC8795V module

    10/07/09 - Product Announcement - View Story

  • Vodacom launches a new vehicle tracking SIM card for South Africa

    10/06/09 - Joint Venture / Alliance - View Story

  • Sierra Wireless launches 5 new AirCard HSPA+ mobile broadband solutions

    10/02/09 - Product Announcement - View Story

  • FirstNews Briefs for October 1, 2009

    10/01/09 - Licensing / Contract - View Story

  • Sierra Wireless announces a new service contract with PSA Peugeot Citron

    9/29/09 - Joint Venture / Alliance - View Story

  • Sierra Wireless signs service contract with PSA Peugeot

    9/28/09 - Joint Venture / Alliance - View Story

  • BMO Capital Initiates Coverage on Sierra Wireless SWIR with a Market Perform

    9/21/09 - Bond / Stock Rating - View Story

  • J.P. Morgan Upgrades Sierra Wireless SWIR to Neutral

    9/10/09 - Bond / Stock Rating - View Story

  • Jesup & Lamont Initiates Coverage on Sierra Wireless SWIR with a Hold

    8/27/09 - Bond / Stock Rating - View Story

  • Sierra Wireless reports Q2 loss of $5.9 million, revenue falls from year ago

    7/30/09 - Financial Announcement - View Story

News & Analysis

sierra wireless - All News and Analysis

Decision Makers

Name (plus bio) Position
Paul Cataford President and CEO
David G. McLennan Chief Financial Officer and Secretary
James B. Kirkpartick Chief Technology Officer
Jim Kirkpatrick Chief Technology Officer
Norman Toms Chief Technical Officer
Andrew Berman Senior Vice President of Mobile
Andrew Harries Senior Vice President, Corporate Development
Bill G. Dodson Senior Vice President, Operations
Dan Schieler Senior Vice President, Worldwide Sales
Steven Blaine Senior Vice President, Engineering
Derek Evans Managing Director, Emea & Vice President
Evan Jones Vice President, Engineering
Greg Speakman Vice President, Adapter Marketing
Jim Baichtal Vice President, Technology
Jim Lahey Vice President, Emea
Jin Pak Vice President of Sales, Asia Pacific
Jocelyn Chang Vice President, Finance
Mike Ardelan Vice President, Worldwide Oem Sales
Mike O'Brien Vice President, Carrier and Distribution Sales, Americas
Pat Watson Vice President, Human Resources
Richard Winters Vice President, Supply Chain
Scott Davis Vice President, Sales
Steve Burrington Vice President, Worldwide Sys Engineering
Tom Haksi Vice President, IT & Services
Greg Aasen Founder
Kathleen Landry Director, Marketing
Mark Hui Director, Business Dev
David Chen Manager, OEM Business Dev
Phoebe Yong Manager, Marketing Comm
Kumiko Ide
Medhat Elmasry Contractor
Sharlene Myers Media Communications Specialist
Samuel D. Kingsland Investor

Board of Directors

Name (plus bio) Position
Charles E. Levine Chairman of The Board of Directors
David B. Sutcliffe Board of Directors
Jane Rowe Board of Directors
Jason W. Cohenour Board of Directors
Peter Ciceri Board of Directors
S. Jane Rowe Board of Directors

Paul Cataford joined University Technologies International (UTI) as President and CEO in April 2004. UTI is an industry leading technology transfer, commercialization and incubation centre which was founded in 1989. As an integral part of the University of Calgary, UTI matches research discoveries and inventions from institutions, corporations and individuals with licensees, developers or manufacturers to produce commercial products and services. Mr. Cataford has extensive investment, technology, start-up, governance and business development experience gained over 15 years in the venture capital/private equity industry. In addition to Sierra Wireless, Mr. Cataford currently sits on the boards of Hemisphere GPS, Inc. (HEM-TSX), as well as the TELUS World of Science and Creative Kids Museum. Prior to moving to Calgary, Mr. Cataford was Managing Partner of HorizonOne Asset Management, a Toronto-based private equity boutique he co-founded in 2001. He was formerly Executive Managing Director of BMO Nesbitt Burns Equity Partners and prior to that President and Managing Director of BCE Capital, a venture capital firm specializing in high technology sector investment. Mr. Cataford completed a B.Sc. (Mechanical Engineering) from Queens University, an MBA from York University's Schulich School of Business and an ICD.D from the Corporate Governance College Rotman School of Business. Mr. Cataford is a member of the Institute of Corporate Directors.

Organization Position Status
Sierra Wireless Incorporated President and CEO Current
Sierra Wireless Incorporated Board of Directors Current
Hemisphere GPS Board of Directors Current
Hemisphere GPS Inc. Board of Directors Current
BCE Capital, Inc. President Former
BCE Capital, Inc. Managing Director Former
York University MBA Former
Queen's University Degree Former

Organization Position Status
Sierra Wireless Incorporated Chief Financial Officer and Secretary Current
Bell ExpressVu Chief Financial Officer Former
Sierra Wireless Incorporated Secretary Former
McMaster University Bachelor of Commerce Degree Former

Organization Position Status
Sierra Wireless Incorporated Chief Technology Officer Current

As Chief Technical Officer Jim is responsible for the Company's intellectual property portfolio, technology roadmap and relationships with key technology partners, while continuing to lead an experienced engineering team in the development of advanced wireless products spanning 2.5G and 3G air interfaces. Jim brings over 19 years experience in communications equipment design to the Company, including 11 years developing wireless products for markets worldwide. Jim joined the Company as Senior Vice President Engineering in 2003. Prior t o joining Sierra Wireless, Jim was Senior Vice President Engineering for AirPrime, Inc. from 2000 to 2002, then CEO from 2002 until 2003. Prior to AirPrime, Jim spent seven years at DENSO International America, Inc. as Vice President of Wireless Technologies and Senior Hardware Director. He also spent eight years at Hughes Aircraft Co. as Senior RF Staff Engineer, where he spearheaded advanced R&D of spaceborne frequency synthesizers and receivers for DoD applications. Jim holds a BSEE from California State University in Fresno, as well as an MSEE and an EEE from the University of Southern California.

Organization Position Status
Sierra Wireless Incorporated Chief Technology Officer Current
Sierra Wireless Incorporated Senior Vice President, Engineering Former
Wireless Technologies Vice President Former
Denso International America Vice President Former
Hughes Aircraft Company Senior Rf Staff Engineer Former
Airprime Former
University of Southern California Msee and An Eee Former
California State University, Fresno Bsee Former
California State University Bsee Former
University of Southern California EEE Former

Dr. Norman Toms is Chief Technical Officer of Sierra Wireless. He founded the Company in 1993 and prior to becoming the Chief Technical Officer was the President and Chief Executive Officer of the Company. Dr. Toms has a Ph.D. in Physics from Cambridge University and has worked with Plessey (UK), Bell Northern Research, Scientific Atlanta, the Mobile Data Division of Motorola Inc. and MPR Teltech Ltd. He has been an active member of various national scientific committees, as well technical committees within the Wireless Data Forum. In 1998, he was recognized by the Wireless Data Forum with an award for lifetime contribution to the industry.

Organization Position Status
Sierra Wireless Incorporated Chief Technical Officer Current
Fsona Systems, Ltd. Board of Directors Current
Sierra Wireless Incorporated Founder Former
Scientific-Atlanta, Inc. Former
Bell Northern Research Former
Cambridge University Ph.D. In Physics Former

Organization Position Status
Sierra Wireless Incorporated Senior Vice President of Mobile Current
The City of Mill Valley Representative Current
Mill Valley Police Department Representative Current
Airlink Communications, Inc. Airlink's Chief Executive Officer Former
National Association for Stock Car Auto Racing Former
Airlink Former
University of Miami School of Law J.D. Former
University of Michigan B.A. Former

Andrew Harries is Senior Vice President, Corporate Development at Sierra Wireless, Inc. and is a co-founder of the company. He is responsible for the company's operations, marketing, strategic alliances, customer support and information technology functions. His career includes several years with the Mobile Data Division of Motorola Inc. where he was responsible for strategic planning and portable devices new product development. Mr. Harries obtained his MBA from Simon Fraser University. He is a director of Spectrum Signal Processing, Inc.

Organization Position Status
Summit 4MOBILITY Senior Vice President, Corporate Development Current
Sierra Wireless Incorporated Senior Vice President, Corporate Development Current
Spectrum Signal Processing, Inc. Director Current
Simon Fraser University MBA Former

Bill Dodson is Senior Vice President, Operations for Sierra Wireless. Bill has overall responsibility for the Company's operations including manufacturing and supply as well as customer service. Bill has a strong background in computer industry supply chain management and business models. Prior to joining Sierra Wireless, Bill was Vice President of Global Operations for Gateway Computers where he was responsible for strategic planning, development and implementation of global manufacturing and supply chain programs. He previously worked with Toshiba America Information Systems as Director of Operations - Desktop and Server manufacturing, and as Director of Business Planning.

Organization Position Status
Sierra Wireless Incorporated Senior Vice President, Operations Current
Gateway Computers Vice President of Global Operations Former
Toshiba America Information Systems, Inc. Director of Business Planning Former
Server Corporation Director Former

Dan Schieler is Senior Vice President of Worldwide Sales at Sierra Wireless, responsible for leading global sales, distribution and pre-sales technical support functions. Dan joined the Company as Vice President of North American Sales in 2003. Prior to joining Sierra Wireless, Dan was Vice President of Worldwide Sales and Marketing for AirPrime, responsible for driving AirPrime's sales strategy, and managing a highly experienced international sales team focused on developing customer relationships with AirPrime OEM partners around the world. Dan brings 15 years of sales, marketing and business development experience in the personal computing and wireless communications industries to his position at Sierra Wireless. His extensive experience as an international OEM sales and marketing leader includes positions as AirPrime's Senior Director of OEM Sales and Strategic Partnerships, and Director of OEM Sales for the Central and Eastern United States. Prior to joining AirPrime, Dan worked for Xircom's OEM division where he managed accounts with top-tier OEM computing manufacturers.

Organization Position Status
Sierra Wireless Incorporated Senior Vice President, Worldwide Sales Current
Airprime Vice President of Worldwide Sales and Marketing Former

Organization Position Status
Sierra Wireless Incorporated Senior Vice President, Engineering Current
PMC-Sierra, Inc. Former
Motorola, Inc. Former
Sierra Wireless Incorporated Board of Directors Former

Organization Position Status
Sierra Wireless Incorporated Managing Director, Emea & Vice President Current

Organization Position Status
Sierra Wireless Incorporated Vice President, Engineering Current
Philips Semiconductors, Inc. Sector Manager Former
Michigan State University BSEE Former

Organization Position Status
Sierra Wireless Incorporated Vice President, Adapter Marketing Current

Organization Position Status
Sierra Wireless Incorporated Vice President, Technology Current

Organization Position Status
Sierra Wireless Incorporated Vice President, Emea Current
Motorola, Inc. OEM Business Development Director Former

Organization Position Status
Sierra Wireless Incorporated Vice President of Sales, Asia Pacific Current
Sierra Wireless Incorporated Director, Business Development, Asia Pacific Former

Organization Position Status
Sierra Wireless Incorporated Vice President, Finance Current

Organization Position Status
Sierra Wireless Incorporated Vice President, Worldwide Oem Sales Current
Sierra Wireless Incorporated Director of Business Development for Embedded Module Sales Former

Organization Position Status
Sierra Wireless Incorporated Vice President, Carrier and Distribution Sales, Americas Current
Motorola, Inc. Former
Intel Corporation Former

Organization Position Status
Sierra Wireless Incorporated Vice President, Human Resources Current
Methanex Corporation Former
Chancery Software, Ltd. Former
Simon Fraser University Bachelor of Education degree Former

Organization Position Status
Sierra Wireless Incorporated Vice President, Supply Chain Current

Organization Position Status
Sierra Wireless Incorporated Vice President, Sales Current

Organization Position Status
Sierra Wireless Incorporated Vice President, Worldwide Sys Engineering Current

Organization Position Status
Sierra Wireless Incorporated Vice President, IT & Services Current
Sierra Wireless Incorporated Director of IT Services Current
International Business Machines Corporation Former
University of British Columbia an Applied Science Degree in Electrical Engineering Former

Greg Aasen is the chief strategy officer at PMC-Sierra. Previously he was vice president and general manager of the communications products division, and prior to that, chief operating officer and chief technology officer of the company. Mr. Aasen is a founding member of the PMC-Sierra and brings more than twenty years of experience to the semiconductor industry. In 1986 he joined MPR Teltech and later established the Pacific Microelectronic Centre (PMC), MPR Teltech's first business division. In 1992, Mr. Aasen's vision was realized when PMC-Sierra spun-out from MPR Teltech through an investment from Sierra Semiconductor. Mr. Aasen is a member of the Board of Directors for Convedia Corporation and Sierra Wireless.

Organization Position Status
Passave, Inc. Chief Strategy Officer Current
PMC-Sierra, Inc. Chief Strategy Officer Former
Sierra Wireless Incorporated Founder Current
PMC-Sierra, Inc. Founder Former
Sutus Inc. Chairman of the Board Current
Sierra Wireless Incorporated Board of Directors Current
Sierra Wireless Incorporated Chief Operating Officer and Chief Technology Officer Former
University of British Columbia Bachelor's Degree In Electrical Engineering Former
PMC-Sierra, Inc. Member Former

Organization Position Status
Sierra Wireless Incorporated Director, Marketing Current

Organization Position Status
Sierra Wireless Incorporated Director, Business Dev Current

Organization Position Status
Sierra Wireless Incorporated Manager, OEM Business Dev Current

Organization Position Status
Sierra Wireless Incorporated Manager, Marketing Comm Current

Organization Position Status
Sierra Wireless Incorporated Current

Medhat Elmasry is a local Vancouverite. He has been developing and leading various software projects in and around the city since 1993. Some of his recent positions were: IT manager in charge of re-engineering at The Loewen Group; Professional Services Manager at Inglenet Business Solutions; Software Engineer at Scan-It-First Technologies; Data Analyst at Alderwoods Group; and Consultant at HSBC. Medhat is currently a full-time instructor at BCIT in the CST department, co-owner of BCJobs.com, and a contractor at SierraWireless Inc. During his spare time, Medhat finds time to manage the .netBC user group.

Organization Position Status
Sierra Wireless Incorporated Contractor Current
B.C.I.T. Instructor Current
First Annual Vancouver Technology Festival Current

Organization Position Status
Sierra Wireless Incorporated Media Communications Specialist Current

Organization Position Status
Sierra Wireless Incorporated Chairman of The Board of Directors Current
Openwave Systems Inc. Chairman of The Board of Directors Current
Somera Communications, Inc. Board of Directors Current
Lexar Media, Inc. Board of Directors Current
RCN Corporation Board of Directors Current
L-1 Identity Solutions, Inc. Board Member Current
Swiftel Communications Inc. President Former
Sprint PCS President Former
Swiftel Communications Inc. chief sales & marketing officer Former
Sprint PCS Chief Sales & Marketing Officer Former
Swiftel Communications Inc. Senior Vice President of Marketing Former
Procter & Gamble manager Former
Sierra Wireless Incorporated Member of The Sierra Wireless Board Former
Kellogg School of Management at Northwestern University MBA Former
Trinity College Master's Degree In Business Former
Trinity College Bachelor's Degree In Economics Former
Lexar Media, Inc. member Former

David Sutcliffe is a corporate director. Previously David served as Chief Executive Officer of Sierra Wireless from May 1995 through October 2005. He has over 25 years of experience in the high technology industry including assignments as President and Chief Executive Officer of Xillix Technologies Corp., as Vice-President and Business Unit Manager with Motorola Inc.'s Mobile Data Division and as Vice President and Business Unit Manager with Sydney Development Corporation.

Organization Position Status
Sierra Wireless Incorporated Board of Directors Current
Discovery Capital Corporation Board of Directors Current
Ballard Power Systems, Inc. Board of Directors Current
Sierra Wireless Incorporated Chief Executive Officer Former
Biomerge Industries Ltd. Chief Executive Officer Former
Biomerge Industries Ltd. Vice President Former
Motorola, Inc. Vice President Former
Sierra Wireless Incorporated * Former
Ace Tech, Inc. Chairman Former
Sierra Wireless Incorporated Chairman Former
Cata Director Former

Jane Rowe is Executive Vice-President, Domestic Personal Lending and Insurance, and President & CEO, Scotia Mortgage Corporation. She is responsible for consumer, small business and commercial automotive lending. This includes mortgages, credit cards, retail loans, automotive finance and indirect lending, as well as the Dealer Finance Centres; risk management; and integrated business solutions. Jane also has responsibility for domestic insurance services, including creditor insurance. After joining Scotiabank in 1987 as an Account Manager in the Corporate Banking Division, Jane progressed through a variety of positions of increasing responsibility with the Scotiabank Group, including workouts, corporate finance, loan audit, private equity and risk management. She was appointed Senior Vice-President, Corporate Credit, in 2002, a position she held until joining Roynat Capital as President and Chief Executive Officer in September 2004, a position she held until May 2006 when she became EVP, Domestic Personal Lending and Insurance. Born and raised in Newfoundland, Jane received her undergraduate degree from Memorial University and also holds a Master of Business Administration degree from York University in Ontario. In addition to sitting on the External Advisory Board for the University of Guelph Centre for Studies in Leadership, Jane also sits on the Board of Directors for Scotia Mortgage Corporation, Maple Trust Company, Scotia Merchant Capital Corporation, and Sierra Wireless Corporation, a publicly traded company listed on the TSX and Nasdaq.

Organization Position Status
Sierra Wireless Incorporated Board of Directors Current
York University MBA Former

Jason Cohenour has served as President and Chief Executive Officer of Sierra Wireless, Inc. since October 2005. Jason joined Sierra Wireless in 1996 as Vice President of Sales, and was promoted to Senior Vice President, Worldwide Sales in 2000. He served as Chief Operating Officer from August 2004 to October 2005 leading global sales, marketing and operations activities. Active in the development of the wireless data industry since 1988, Jason was previously Regional Vice President with Ram Mobile Data. Jason began his wireless career in 1988 with Motorola's Mobile Data Division, where he helped establish Motorola as a leading provider of wireless data solutions. Jason also serves as an independent director on the board of Epic Data Inc. (TSX: EKD). (TSX: EKD).

Organization Position Status
Sierra Wireless Incorporated Board of Directors Current
Sierra Wireless Incorporated Chief Executive Officer Former
Sierra Wireless Incorporated President Former
Sierra Wireless Incorporated Vice President of Sales Current

Peter Ciceri is responsible for the overall operations and management of Custom House. Previously Peter was a corporate director, management consultant and CEO Coach with twenty-five years experience in the technology industry. He was with Compaq Computers from 1995 to 2000, and during that time, held the position of President and Managing Director of Compaq Canada Inc., from 1997 to 2000. He was also Managing Director of Tandem Asia Pacific Ltd. from 1995 to 1997. Mr. Ciceri served as Lead Director and Chairman of Sierra Wireless from 2002 to 2005. In addition to Sierra Wireless, Mr. Ciceri's directorships have included MDSI Mobile Data Systems Inc., AERS Inc., and Progressive Solutions Inc. He also serves on the University of Victoria's Board of Governors and their Innovation and Development Council, as well as on British Columbia Premier Gordon Campbell's "Premier's Technology Council". Mr. Ciceri is an authority on international business - particularly Japan & Asia where he lived from 1987 to 1997. He was named one of Canada's Top 100 Business Elite by the National Post and awarded the University of Victoria's Alumni of the Year for Business Achievement. He is a frequent speaker on leadership and business counselling. He completed the Institute of Corporate Director's "Directors Education Program" in conjunction with the Rotman Business School. Peter recently relocated back to his home town of Victoria with his wife and two children.

Organization Position Status
Governors Board of Directors Current
Sierra Wireless Incorporated Board of Directors Current
Sierra Wireless Incorporated Lead Director Former
Sierra Wireless Incorporated Management Consultant Former
Compaq Computers Former
Sierra Wireless Incorporated Chairman Former
University of Victoria BA In Economics Former

Organization Position Status
Sierra Wireless Incorporated Board of Directors Current

Organization Position Status
Fulcrum Microsystems Managing Director, Granite Ventures Current
TI Ventures, L.P. Managing Director, Granite Ventures Current
TI Ventures, L.P. Founder Current
TI Ventures, L.P. Investment Manager Current
Granite Ventures, LLC founding member Current
Zeugma Systems Inc Current
Texas Instruments Incorporated Current
Agilence Inc. Board of Directors Current
H&Q Venture Associates, LLC Board of Directors Current
Top Layer Networks, Inc. Board of Directors Current
Fulcrum Microsystems Board of Directors Current
Navini Networks, Inc. Board Member Current
Convertys Learning Solutions Board of Directors Current
Nexabit Networks, Inc. Investor Current
Snaptrack, Inc. Investor Current
Coppercom, Inc. Investor Current
Sierra Wireless Incorporated Investor Current
NetBoost Corporation Investor Current
Granite Ventures, LLC Member Current
Granite Ventures, LLC Managing Director Former
QUALCOMM Incorporated Former
Intel Corporation Former
Convertys Learning Solutions investor Former
Dartmouth College B.A. in Earth Sciences (Geology) Former

Executive News

  • Media Advisory - Sierra Wireless CEO to present at Barclays Capital Worldwide Wireless...

    Reuters - 5/21/09 - View Story

  • Media Advisory - Sierra Wireless CEO to present at Barclays Capital Worldwide Wireless and Wireline Conference 2009

    PR Newswire - 5/21/09 - View Story

  • Wireless Technology Provider Wavecom To Close North Carolina Office, Announces Management Changes

    AMonline.com - 5/20/09 - View Story

  • Sierra Wireless makes management changes and cuts costs

    TradingMarkets - 5/19/09 - View Story

  • Unlocking Successful Net Access While Globe Trotting

    ZDNet - 5/18/09 - View Story

  • Sierra Wireless announces changes Executive Leadership team

    TradingMarkets - 5/18/09 - View Story

  • Sierra Wireless shakes up execs, cuts jobs

    Fierce Wireless - 5/15/09 - View Story

  • Sierra Wireless Announces Changes to Executive Leadership Team and Cost Synergy Initiatives

    KLFY - 5/15/09 - View Story

  • Sierra Wireless Announces Changes to Executive Leadership Team and Cost Synergy Initiatives

    Canadian Business Magazine - 5/15/09 - View Story

  • Sierra Wireless Announces Changes to Executive Leadership Team and Cost Synergy Initiatives

    Yahoo! Canada - 5/15/09 - View Story

  • Sierra Wireless Announces Changes to Executive Leadership Team and Cost Synergy Initiatives

    CNW Group via Yahoo! - 5/15/09 - View Story

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SWIR $8.57 -0.27 (-3.05% )
Volume 108,137
Shares Outstanding 31.0M
Market Cap 265.9M
Year High 10.95
Year Low 2.64
Earnings Per Share -0.080
P/E Ratio 0.00
Dividend 0.00
Yield 0.00
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